Today's approaches to nonprofit funding aren't building strong grantee organizations. Let’s change that.
By Jeri Eckhart-Queenan, Michael Etzel, and Julia Silverman
Presidents of five leading foundations have agreed to experiment with practices and policies to address chronic underfunding of their grantees’ indirect costs. Said one president: “We have engaged because we have a responsibility to put forward solutions. That’s a breakthrough.”
Read the article on The Chronicle of Philanthropy website.
Download the research behind the article, Momentum for Change: Ending the Nonprofit Starvation Cycle
In spring 2018, the Ford, Hewlett, MacArthur, Open Society, and Packard Foundations conducted a pilot project to explore how well current project grants provided for nonprofits’ indirect costs. With the help of external financial experts, who worked one on one with 22 grantees to calculate each organization’s indirect-cost rate, the funders learned firsthand that driving change and having impact requires long-term flexible funding.
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